Japan’s Liquid Global Exchange Hacked; $90M in Crypto Siphoned Off

19 August 2021

Japan’s Liquid Global exchange said it has been hacked, and has suspended deposits and withdrawals.

  • According to a tweet on Thursday, the exchange said its warm wallets were compromised and that it was moving digital assets offline.
  • While the total amount stolen has yet to be determined, the value taken in bitcoin, ether, ripple, tron, and others could be upward of $90 million, Eddie Wang, senior researcher at OKLink, told CoinDesk.
  • "We are currently investigating and will provide regular updates," the exchange said in the tweet. "In the meantime, deposits and withdrawals will be suspended."
  • In a later tweet, Liquid Global said it's working with other exchanges to freeze the funds.
  • Crypto exchange KuCoin's CEO, Johnny Lyu, said his platform was aware of the incident and had blacklisted the hacker's wallet addresses. Other exchanges are likely to follow suit.
  • So far, it has revealed nine wallet addresses where the hacker is depositing heisted funds.
  • One of the addresses Liquid Global revealed was still receiving bitcoin at 7:20 UTC

UPDATE (AUG. 19, 7:59 UTC): Adds Liquid Global is working with other exchanges; updates number of destination addresses.

UPDATE (AUG. 19, 8:37 UTC): Updates value taken.

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